Financial Technology

Wall Street Letter Honors Portware's FX Trading Platform

Wall Street Letter has honored Portware, a developer of broker-neutral, automated trading software for global equities, with the 2013 WSL Institutional Trading Award for Best FX Trading Platform at the second WSL Institutional Trading Awards.

The WSL Awards were appraised by a panel of autonomous judges. Brokerage organizations, exchanges and financial technology organizations are honored for accomplishments and advances in the institutional trading industry over the past year. As the winner of the Best FX Trading Platform award, Portware’s verified innovation showcased client satisfaction and encouraging impact on the market.

In a statement, Alfred Eskandar, CEO, Portware, said, “Our FX platform was built in conjunction with our clients, who have designed features that give them a competitive advantage over a ‘check-the-box’ electronic front end. It’s gratifying that Wall Street Letter and others in the industry continue to recognize us for the work we’ve jointly done with our valued customers to create the top FX trading platform. It’s this level of collaboration and focus on the customer experience that has allowed us to double our FX customer base in the last year and continually enhance and refine our suite of embedded FX strategies.”

Liquidity from all international providers, like banks, ECN’s and interdealer platforms, are combined by the all-inclusive, extremely modifiable FX trading offering, Portware FX. Intricate workflows are streamlined by the extremely adaptable trading technology from Portware. Traders are therefore offered best options for trading approaches and order routing destinations. Portware FX’s cloud-based model, which provides rapid implementation, straightforward access to all liquidity providers and considerably decreased operational overhead, can be leveraged by customers.

Portware FX offers a concurrent, aggregated view of the complete FX market via a solitary trading environment. Clients can advantageously use their brokers’ execution capabilities as Portware FX provides incorporated algorithmic strategies from major FX dealers. Users can also trade competently with numerous liquidity providers using Portware FX, augmenting execution performance, especially for large orders. All FX order types, like spot, forwards, swaps and RFQ/RFS are supported by Portware FX. The solution also offers widespread post-trade analytics and reporting through FX Liquidity Monitor.